Generally, there is no fee for using a credit card normally. Is it because the bank specifically provides benefits to everyone? And banks are not charitable institutions. Excessive deductions may be due to annual fees and other reasons, because banks make profits through many ways:

1. Interest and late fees

Repay via credit card, you can choose full repayment or minimum repayment. Pay off the balance within the interest-free period, and the bank will not charge interest.

If you apply for minimum repayment or overdue repayment, a certain amount of interest will accrue, with monthly compound interest, and a late payment fee will be charged. As uniformly stipulated by the central bank, the late payment fee ratio is 5% of the unpaid portion of the debt.

2. Withdrawal and installment handling fees

If you don’t want to use your credit card only for daily consumption, but want to withdraw cash directly, the bank will charge a certain handling fee when you go to the counter or ATM to withdraw it. The cardholder will pay the bills due in the near future in installments, and will also need to pay a certain handling fee for each installment.

3. Card swiping fees paid by merchants

When cardholders use credit cards to make purchases at merchants that cooperate with the bank, the merchants need to pay certain fees to the bank.

When cardholders use credit cards at merchants that cooperate with banks, the merchants need to pay a certain fee to the bank.

Banks charge cardholders a certain annual fee every year. There are also certain differences in the charging standards for different levels of credit cards. Some banks will waive part or all of the annual fee if the credit card is used a certain number of times.

So you must use your credit card rationally and try to avoid excessive consumption.